Outsourcer Infosys has appointed industry veteran David D. Kennedy to serve as executive vice president and general counsel for the company and as executive officer of the company for the purposes of SEC Reporting, officials say. The company has also announced an effort to add 2,100 employees to its ranks, including many recent graduates and… Read More >>
Aite: Outsourcing Coming for Debt Trading Ops
Regional U.S. banks and broker-dealers are finding today’s debt capital markets (DCM) to be “an exercise in high cost and low return,” leading many to consider outsourcing and other cost-saving measures, according to a new report by market research firm Aite Group. In the Aite report, “U.S. Capital Markets Debt Trading: A State of Disparity,”… Read More >>
AxiomSL & Wipro to Partner for Clients
Regulatory reporting solutions provider Axiom Software Laboratories (AxiomSL) is partnering with global outsourcer Wipro in a bid to broaden its appeal in the fast-growing risk and compliance services segment and to develop new products and services. “We realized a year ago that we had a great product but nobody knew we existed,” says Gordon Elliot,… Read More >>
Digitization and the Web Help Advance Client Reporting
Client reporting, the essential deliverable from performance measurement infrastructures and practices, is evolving as revealed by the questions on the table at a recent panel discussion part of Performance Measurement New York, a one-day event for professionals, held in midtown Manhattan. Of course, definitive answers to the questions weren’t necessarily expected from a single session,… Read More >>
The New Do’s and Don’ts of Outsourcing Hedge Fund Ops
I got a snapshot of where hedge funds stand as far as outsourcing key operations during a panel discussion at FTF’s HedgeOps New York conference last month. It appears that there are some key do’s and don’ts emerging for external providers such as fund administrators and IT outsourcers. Firms are also developing more nuanced strategies… Read More >>
RIAs and Outsourcing
Over the past year, back office services provider BridgePortfolio has seen an uptick in demand for its outsourced offerings—which weave in Fiserv’s software—among registered investment advisors (RIAs). But BridgePortfolio is also seeing more RIAs willing to outsource front, middle and back office operations, says Mike Ruane, national sales manager for the Chicago-based vendor.“I manage the… Read More >>
FTF’s Top Trends for Operations in 2012, Part 1
While we at FTF think that 2011 was “The Year of Waiting,” it’s likely that 2012 will see a lot more movement for middle and back office operations. In fact, as the new Dodd-Frank regulations take effect, particularly for the over-the-counter (OTC) derivatives markets, revamping and updating the middle and back offices will take center… Read More >>
